Launch of Meritage Global Portfolios and Tactical ETF Portfolios

March 15, 2016

National Bank Investments Inc. ("NBI") is pleased to announce the launch of Meritage Global and Meritage Tactical ETF Portfolios.

"We always listen to our customers and believe that these new portfolios will meet their growing needs; especially as markets evolve and industry trends materialize,” says Jonathan Durocher, President, NBI.

"With the addition of Meritage Tactical ETF Portfolios to the Meritage family, we can now say that Meritage is a platform combining the best investment features. This makes us very proud," says Annamaria Testani, Vice President, National Sales, NBI.

Meritage Global Portfolios are portfolios with profiles ranging from conservative to dynamic growth. In an attempt to enhance diversification for investors, they provide significant exposure to fixed income and equity securities worldwide. As part of the recent changes made to the platform, the Meritage Global Income and Growth Portfolio went through various adjustments, as well as a name change to Meritage Global Balanced Portfolio. These changes are driven in great measure by an ongoing initiative to improve the strategy for these portfolios

Meritage Tactical ETF Portfolios offer three profiles, ranging from moderate to growth. They consist of 100% third-party ETFs and offer complete independence from ETF providers. These portfolios are constructed with the input of several teams of experts at National Bank and are meant to act as well-diversified, low-cost investment vehicles. Portfolios are rebalanced according to the experts’ tactical views.

Meritage Portfolios invest in third-party funds that are selected using a quantitative and qualitative approach known as the Select Rating System®. In addition to specific criteria against which the underlying funds are evaluated, the funds selected for Meritage Portfolios are chosen based on a complete complementarity analysis, which seeks to optimize the risk/return ratio of the investment solution. The selection and monitoring processes of Meritage Portfolios are independently reviewed by Aon Hewitt.

Meritage Portfolios are designed to suit the needs of investors with varying risk tolerance levels and investment horizons. They offer a complete investment solution with optimal diversification across asset classes, regions, market capitalizations and management styles, all integrated into a “fund of funds” structure. With assets exceeding $3.3 billion as of October 30, 2015, Meritage Portfolios are now amongst the most-recognized and performing investment solutions.

About Meritage Portfolios^®

Meritage Portfolios (the “Portfolios”) are managed by National Bank Investments Inc., a wholly-owned subsidiary of National Bank of Canada. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the Portfolios. Please read the prospectus of the Portfolios before investing. The Portfolios’ securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Portfolios are not guaranteed, their values change frequently and past performance may not be repeated. “Meritage Portfolios^®” and the Meritage Portfolios® logo are trademarks of National Bank of Canada and are used by National Bank Investments Inc.

The Select Rating System^® is a registered trade-mark of National Bank of Canada, used under license by National Bank Investments Inc.